Posted on 04/26/2011 7:52:26 PM PDT by NormsRevenge
As the high cost of gasoline takes a toll on politics and pocket books, President Barack Obama said Tuesday he is calling on major oil producers such as Saudi Arabia to increase their oil supplies to help stabilize prices, warning starkly that lack of relief would harm the global economy.
"We are in a lot of conversations with the major oil producers like Saudi Arabia to let them know that it's not going to be good for them if our economy is hobbled because of high oil prices," Obama told a Detroit TV station.
His remarks signaled a broad new appeal in the face of skyrocketing gasoline prices in the United States and they came as he reiterated a call for Congress to repeal oil industry tax breaks.
(Excerpt) Read more at sfgate.com ...
Obama should be arrested and jailed.
You’ve got it.
Asking foreign producers to up production while
American companies stand idle and are under
government investigation.
We cannot take another term of this crap.
The Saudis paid for Obama to go to Harvard.
Boosting output to lower prices has nothing to do with the speculators doing what is right with the value of the dollar in the global economy. Print some more money jackass. God people are stupid to the “commodity” markets and how it all works. Seriously. Devalue the dollar some more, and let’s see what happens. Jackwipe soundbite moron.
And not to mention Obama personally stating that he was going to bankrupt the oil industry. This idiot Marxist pig is the worst president ever!
ughhh, drill everywhere and anywhere.
I don't know about arrested and jailed but he does have to be removed from office before he does more harm......
Never underestimate an underperforming Ivy Leaguer...
They don’t call him the “Idiot in Chief” for nothing.
How about just stop destroying the value of the dollar in the global markets. It’s a start. It is relative to the commodity markets trading value including and most importantly the Barrel price. Buy some coffee now.
The “Saudis” will soon be fresh out of friends at 1600 Pennsylvania.
Well hell, I feel better now that OBummer issued a *STARK WARNING*.
Gas will be $.50 a gallon by the weekend.
Clueless IDIOT!!!
IDIOT!
He thinks he can order it and that’s it. He has no damn clue, NONE!
It would be an investment.
Apart from the other issues, the Saudis are furious at Obama for undermining Mubarak and putting their kingdom at risk.
They are also furious at him for attacking the Gulf Sheikhdoms and the Saudis for resisting the terrorist protestors who are trying to overthrow their governments.
I think that is why the Saudis CUT production, instead of raising it. And some of the other oil sheikhs may do the same thing.
The president determines production levels in the economy by a simply decree. What a complete and clueless buffoon he is.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.